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Recently, you sold short 700 shares of stock for at $66 a share. The initial margin requirement is 70 percent, and the maintenance margin is

Recently, you sold short 700 shares of stock for at $66 a share. The initial margin requirement is 70 percent, and the maintenance margin is 40 percent. The stock is currently trading at $53 a share. What is your rate of return on the short sale if you close out the position, and do you get a margin call?

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